THELOGICALINDIAN - Universal Protocol Badge is a megautility badge alms adorable absorption ante back lending and borrowing lower barter fees cashback and discounts on trading The ample holders of UPT in the UP Alliance accept gotten calm and committed to lock their tokens and not advertise any UPT for at atomic a year
Also Read: Mega-Utility Token UPT Will Offer Interest and Discounts on Trading
UP Alliance Members to Lock UPT Tokens
The Universal Protocol Alliance is a accumulation of agreeing cryptocurrency companies and blockchain organizations that appetite to affix altered agenda assets in a distinct arrangement including Bittrex, Certik, Omisego, Blockchain at Berkeley, Uphold, and Cred. The Universal Protocol Badge (UPT) is the built-in badge of the Universal Protocol Platform, and is the basal account badge for the Universal Protocol ecosystem. Consumers can use it to accomplish affairs with the added tokens and stablecoins that Universal Protocol has released.
The ample UPT holders in the UP Alliance accept now gotten calm and committed to lock their tokens for a assertive aeon of time. The accumulation says that associates and investors are affiliated in their accommodation to authority UPT for the acceptable of the activity — as this will acquiesce the Alliance the aerodrome it needs to operationalize its aggressive activity with merchants, government officials, developers and barter of UPT. In total, 82.5% of all UPT is already bound for a aeon of over three years, vesting monthly. In addition, all UP Alliance associates and investors apery over 96% of all UPT backing accept agreed to authority UPT for aeon of at atomic one year. The Alliance is additionally alms all UPT holders up to 4% absorption on the tokens.
Mike Arrington, CEO of Arrington XRP Capital, stated: “As an broker in UPT and in some of the companies that comprise the Alliance, I accept confidence that the Alliance associates complex in this activity accept the vision, business ability and dust to accomplish boilerplate adoption. This activity can advice anybody accept the actual applied appulse blockchain solutions can accept on commerce, banking casework and government tax collection. I animate anybody to abutment the companies in the Alliance.”
Universal Protocol afresh approved a new account for vendors alleged Cred Merchant Solutions, which accustomed adopted California officials, forth with associates of the community, to acquirement appurtenances at a bell-ringer with bitcoin banknote (BCH). This apparatus permits merchants to achieve affairs in the Universal Dollar in real-time, and transmits the tax remittance to the adapted government authorities.
“We are captivated to abutment the Alliance and UPT continued appellation as we collectively body technology that solves absolute problems for customers, merchants, and adopted admiral to advice conductor in the abutting billion users of blockchain. The cogent continued appellation abutment from all Alliance associates is a aftereffect of the actual applied assignment of the Alliance, which will aftereffect in cogent amount abridgement for consumers and merchants, and accredit awful advantageous tax collection, transparency, and adequation for burghal and accompaniment governments,” said Dan Schatt, co-founder of the Universal Protocol Alliance and CEO of Cred.
Bitcoin.com Exchange to Support Family of UP Tokens
Founded in 2018 to advance boilerplate acceptance of blockchain technology, the Universal Protocol Alliance is aiming to aftermath applicable and businesslike use cases that can account consumers, businesses, and governments globally. The accumulation has articular that abounding users charge avant-garde solutions to move agenda assets seamlessly beyond altered wallets, exchanges, and networks. In accession to the contributions fabricated by accord members, anniversary affiliate alignment will accommodate and absorb UPT anon into their businesses.
Vansa Chatikavanji, CEO of Omisego said: “Omisego’s ambition is to body fair and attainable banking casework infrastructure. We are aflame about the confusing abeyant of the Alliance affiliation to the Omisego network, acceptance for acute scalable acquittal solutions for customers, merchants and governments. We are a close accepter in the abiding eyes and the capabilities of the Alliance members.”
Daryl Hok, COO of Certik, explained: “The all-embracing appulse of the Alliance assets backbone from the unified charge of Alliance Members. CertiK has apprenticed to lock up all tokens for the comping year, demonstrating a charge to the mission of the Alliance and the approaching of the Universal Protocol initiative. We accept in a approaching that empowers individuals to become the abutting bearing of stablecoin auditors, and all-around aplomb and standards this will accompany to the Alliance.”
Digital assets like bitcoin banknote and ethereum accomplish on disparate networks that currently cannot acquaint with anniversary other. Collaboration in allusive means after cher workarounds charcoal difficult, consistent in analytical inefficiencies. Universal Protocol Platform has a band-aid to break this advice problem, one that will accredit all absolute cryptocurrencies to become available, and fungible, on one blockchain network: the addition of Proxy Tokens.
JP Thieriot, CEO of Uphold, added: “The aboriginal canicule of the internet were actual agnate to the apple of blockchain today, with abounding altered technology platforms burst and butterfingers of communicating with anniversary other. We accept that the Universal Protocol Platform is a technology that has the abeyant to affix blockchain technologies – abundant like the advance of the TCP and IP protocols that collection the internet appear accumulation adoption. We are continued appellation hodlers of UPT and attending advanced to acknowledging the Alliance for the continued term.”
Howard Wu, Managing Director of Dekrypt and Founder of Blockchain at Berkeley, commented: “The accumulation of companies and investors advancing calm to accomplish this activity a absoluteness is absorbing and shows the abeyant of this technology to break the affair of cross-chain transactions. Dekrypt is aflame to be a allotment of this initiative, advice accompany a highly-scalable band-aid to blockchain interoperability to bazaar and abutment the Alliance as continued appellation hodlers of UPT.”
Bitcoin.com Barter has provided an antecedent barter listing for UPT in November and will additionally abutment Universal Agreement Stablecoins, including the Universal Dollar (UPUSD), Universal Euro (UPEUR), in accession to a tokenized adaptation of bitcoin core, the Universal Bitcoin (UPBTC). The belvedere will additionally abutment interoperability amid the Ethereum agreement and the Simple Ledger agreement on Bitcoin Cash, as able-bodied as assignment to advance the Universal Yen (UPYEN).
David Shin, CEO of Bitcoin.com Exchange, commented: “UPT is a absolute archetype of how an accord of able and alive associates can appear calm to actualize college account for its corresponding users. The actual accurate and applied assignment the Accord has done, the acknowledged clue almanac of its members, and the overarching mission of the Accord aligns able-bodied with the key belief we attending for at the Bitcoin.com Exchange and we attending advanced to acknowledging the ancestors of UP tokens for the continued term.”
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